The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-10
R. G. DUN & CO.'S REVIEW.
STATE OF TRADE DURING THE WEEK
IN ALL BRANCHES.
Legitimate Business Fairly Active,
Though Somewhat Embarrassed by
Fluctuations in Speculative Markets
Effect OF Tariff Agitation.

New YORK, Dec Or. G.. Dun & Co. s
weekly review Of trade says legitimate
trade continues fairly active for the season,
though embarrassed in some branches by
the fluctuations in speculative markets.
Speculation in products, after few days
OF wild advance, has taken turn down
ward as the natural result OF enormous
sales TO realize. With rapidly expanding
currency money is generally easier than
week ago, though rates are still high at
many points, and complaints of slow
collections do not diminish. Agitation Of
the tariff question already begins TO
cause revision OF calculations for the fut-
ure, in some departments. The sharp de-
cline in real estate speculations and prices
ut some southern and western points tends
to check developments there, and subjects
investors 10 some financial strain. Large
sales Of bcssemer iron at SIS 80 are re-
ported, and sale OF steel rails, netting $3l
ut the mill, has been made. Buyers still
are backward, but some brokers openly
offer below $50. Coal has declined about
81, orders slackening. Woolens do not
open, in some cases, below last years
prices, so that manufacturers are not en-
couraged TO increase their purchases OF raw
wool, which appears rather weaker Raw
cotton has declined &c, but goods are held
at recent advances. The boot and shoe
trade is large and promising, with excep-
tionally good payments, but there is com
plant that competition cuts down prices
too far. Leather is weaker.
The movement of freight westward
shows an increase of $1,000 tons for No
yember, and east bound shipments are in
creasing. The bank exchanges OF all cities
outside OF New York begin to fall below
those Of last year; the decline at all cities
last week was 1913 per cent, and outside
of New York, 26 per cent. At most in
terror points trade is reported fair
for the season, but collections are
slow at Detroit, fair at Memphis
and Omaha, and rather better
at Kansas City. Money at Chicago is in
undated demand at per cent, and
operators bid s per cent. for funds to carry
products at interior towns. Though the
money markets are, on the whole, easier,
the pressure at speculative centers con-
tinues. Stocks have been weaker since
Congress met, rs frequently hap
pens. Wheat speculation reached
los, 100000 bushels for the week,
and prices advanced sharply, but
close to shade lower than week
ago. Corn and oats, in spite Of recent
reaction, gain and II cents for the week,
and oil is unchanged. Coffee has adj
vanced cent, and the excitement in
minor metals has lifted copper cents,
and tin nearly cent per pound, but reac'
ton in pork products takes prices a little
lower than week ago. The average rise
in food products since July was
shade over 20 per cent. ON Tuesday, and
il is questioned whether the legitimate ef.
feet OF q partial failure OF crops has not been
fully realized in prices, but the increasing
supply Of currency still tends TO keep spec
ulation active. The business failures dur.
ing the last seven days number, for the
United States, 226, and for Canada, TWEEN
ty-cight; total. 25i, compared with "a
last week and pa the corresponding week
of last year.